Birim Goldfields' Financing Oversold.MONTREAL -- Birim Goldfields n. 1. A small slender woolly annual (Lasthenia chrysostoma) with very narrow opposite leaves and branches bearing solitary golden-yellow flower heads; it grows from Southwestern Oregon to Baja California and Arizona; - it is often cultivated. Inc. (TSX TSX Toronto Stock Exchange (TSE before April, 2002) TSX Transfer from Stack Pointer to Index TSX True Space Extension :BGI BGI Barclays Global Investors BGI Bainbridge Graduate Institute BGI Bureau Gravimétrique International BGI Borland Graphic Interface (File Name Extension) BGI Bridgetown, Barbados - Grantley Adams International ) ("Birim" or the "Company") is pleased to inform its shareholders that it has completed its previously announced bought deal financing (the "Offering") and a portion of the over allotment for an aggregate of 7,330,000 units (the "Units") at a price of $0.50 per Unit for gross proceeds of CDN (Content Delivery Network) A system of distributed content on a large intranet or the public Internet in which copies of content are replicated and cached throughout the network. $3,665,000. In connection with the Offering, Canaccord Capital Corporation ("Canaccord"), who acted as the underwriter of the Offering, has exercised its over-allotment option in the amount of 1,330,000 Units. Each Unit is comprised of one common share ("Common Share") and one-half of one share purchase warrant ("Warrant").Each whole Warrant entitles the holder to acquire one Common Share at a price of $0.65 within 24 months of closing. The net proceeds Net Proceeds The amount received after all costs are deducted from the sale of a piece of property or security. Notes: In the case of an investor selling a security, net proceeds represent the proceeds from the sale minus any trading costs (i.e. commissions). of the Offering will be used to fund the Company's exploration activities in Ghana and for general working capital purposes. The Common Shares and the Warrants are subject to a four-month hold period, which expires on August 14, 2005. Birim Goldfields Inc. is a royalty-based exploration company that is focused on gold exploration in Ghana, West Africa. The Company trades on the TSX under the symbol BGI. Birim Goldfields Inc. (TSX:BGI) |
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